Amid growing demand for augmented vision systems among European land forces, Greek group Theon International Plc announced on 29 July 2025 two major industrial initiatives: the establishment of a subsidiary in Belgium, including a production facility in Zaventem and a liaison office in Brussels, and the acquisition of a 10 percent stake in German company Andres Industries AG. These developments appear to reflect a broader strategic direction, possibly tied to an expected contract award for a consortium of both companies for the IRIS thermal imaging system for the German and Belgian Armed Forces as recently reported by other media. Read more.
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